Forex Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
Papua New Guinea Kina/British Pound (FOREX:PGKGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for PGKGBP
The long term trend has been UP since May 22nd, 2019 at 0.231650
The intermediate term trend has been UP since Jul 7th, 2019 at 0.234405
The short term trend has been UP since Jul 2nd, 2019 at 0.232840
Smart Scan Analysis for PGKGBP
Based on a pre-defined weighted trend formula for chart analysis, PGKGBP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).